Common use of Ownership of Interested Persons; Affiliations Clause in Contracts

Ownership of Interested Persons; Affiliations. Neither the Stockholder nor his or her spouse, children or Affiliates, owns directly or indirectly, on an individual or joint basis, any interest in, has a compensation or other financial arrangement with, or serves as an officer or director of, any customer or supplier of the Company or any organization that has a material contract or arrangement with the Company.

Appears in 6 contracts

Samples: Merger Agreement (Universal Document MGMT Systems Inc), Merger Agreement (Universal Document MGMT Systems Inc), Merger Agreement (Universal Document MGMT Systems Inc)

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Ownership of Interested Persons; Affiliations. Neither the Stockholder nor his or her spouse, children or Affiliates, owns directly or indirectly, on an individual or joint basis, any interest in, has a compensation or other financial arrangement with, or serves as an officer or director of, any customer or supplier of the Company or any organization that has a material contract or arrangement with the Company.

Appears in 2 contracts

Samples: Merger Agreement (Universal Document MGMT Systems Inc), Merger Agreement (Universal Document MGMT Systems Inc)

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Ownership of Interested Persons; Affiliations. Neither the Stockholder nor his or her spouse, children or Affiliates, owns directly or indirectly, on an individual or joint basis, any interest in, has a compensation or other financial arrangement with, or serves as an officer or director of, any customer or supplier of the Company Target or any organization that has a material contract or arrangement with Target, except as a holder of less than 1% of the Companyoutstanding shares of any entity with securities listed on any national securities exchange or which have been registered under Section 12(g) of the Exchange Act.

Appears in 1 contract

Samples: Stock Purchase Agreement (Fbo Air, Inc.)

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